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The ill-famed Vodafone tax evasion case brings to mind the question that plagues most multinational companies – whether to hire local counsel or use an ex-pat firm. Localization might seem like a wasted expense but it has proven to be the better choice in the end. Take for example the case of Novartis Pharmaceuticals. The…

Shares may be transferred under a sale or as a gift. Further transfers may occur between any of the following – Resident Indians (Residents)Non Residents (NR)Non-Resident Indians (NRI)Overseas Corporate Bodies (OCB) In certain cases, the transfer of shares requires prior approval of RBI under FEMA regulations. Transfer of shares between parties where one of the…

The Companies Act, 2013 stipulates certain threshold limits that trigger mandatory compliances. These limits are based on the company’s paid up capital and free reserves or turnover. This article provides a birds-eye view of such compliances :     Compliances with respect to XBRL reporting, cash flow statements, CARO reporting etc.  are in addition to…